Monthly M&A Insider - Mergermarket

Expected deals
Pipeline of Australian expected deals
Situation Target company Sector Potential bidder
company
Rumoured
Takeover Target
Suncorp-Metway
Ltd
Expected deal Felix Resources
Limited
Rumoured
Takeover Target
OM Holdings
Limited
Financial
Services
Energy, Mining
& Utilities
Energy, Mining
& Utilities
Westpac; National
Australia Bank;
Australia and New
Zealand Banking
Group; and
Commonwealth
Bank
Yanzhou Coal Mining
Company Ltd;
Anglo American Plc;
Peabody Energy
Corp; Cia Vale do
Rio Doce; Rio Tinto
Limited; and BHP
Billiton Ltd
Consolidated
Minerals
Expected deal Asciano Group Transport Shenhua Energy;
Morgan Stanley;
TPG; Carlyle Group;
Kaplan Funds
Management;
Global Infrastructure
Partners; GIC; and
Goldman Sachs
Global Infrastructure
Rumoured
Takeover Target
Beach Petroleum
(CSG assets)
Expected deal Redflex Holdings
Limited
Rumoured
Takeover Target
Nexus Energy
Limited
C = Completed; P = Pending; L = Lapsed
Energy, Mining
& Utilities
Royal Dutch Shell;
BG Group; Origin
Energy; AGL Energy;
Santos; and Arrow
Energy
Financial
adviser to
bidder (B);
target (T);
seller (S)
Seller
company
Market
cap
est. value
($m)
Comments
Australia
Lazard (T) 6,000 The Board of Suncorp-Metway has
confirmed it is willing to re-engage
in talks with parties interested in its
banking and wealth management
businesses, with NAB seen as the
most likely potential suitor. The
company's new CEO is also expected
to evaluate a potential break-up of
operations after completing a USD
2.5bn debt raising.
Citigroup (T);
Wilson HTM
Corporate
Finance (T)
UBS
Investment
Bank (B)
Lazard (T);
Royal Bank
of Scotland
Group (T)
TMT Gresham
Advisory
Partners (T)
Energy, Mining
& Utilities
Renaissance;
Thornleigh
Investments;
and Hunter
Hall
1,500 Felix Resources, the Australian listed
coal miner, has received several
takeover approaches, and confirmed
that they remain in detailed
discussions with interested parties,
including Yanzhou Coal Mining. Felix
shareholders are reportedly looking
for an AUD 2.9bn offer, whlile
Yanzhou Coal Mining seems willing to
offer only AUD 2.35bn.
700 Consolidated Minerals has acquired
a 12% stake in OM Holdings, the
commerical mining operator in
Australia, and could be looking
at making a takeover bid for the
company. OM Holdings has on its
side been seeking to strengthen its
takeover defenses
550 Asciano, the Australian-listed logistics
group, has received interest from
several parties, and the company's
board shorthly decide on up to four
suitors to go into the second round
of bidding.
400 Beach Petroleum, the ASX-listed
oil and gas company, is looking for
expressions of interest for its coal
seam gas assets, but a timeframe for
the sale is yet to be set.
350 Redflex Holdings, the Australian-listed
traffic light camera group, is looking
to wrap up its potential sale process
by the end of April. Three parties
have been involved in due diligence,
one of which is now conducting deep
detailed due diligence. Offers are
expected around AUD 4 per share.
255 Nexus Energy Limited, an Australia
listed oil and gas exploration
company is considering a sale of 30%
of its Crux oil project for USD 255m.
Source: mergermarke
Monthly M&A Report – 81